The past year has not been kind to that scam known as WeWork, but this takes the cake.

Claure and Mathrani wrote: “WeWork is a service provider, and we have an obligation to keep our buildings open. In the same way we expect certain businesses to remain open for us—whether it be a fulfillment center to send us a package, a bank so we can handle finances, grocery stores and pharmacies to supply us our valued goods—we too have members counting on us to remain open so they can run their companies to generate revenue, pay their people and continue serving their customers.”
In positioning its services as vital, WeWork may be trying to convince lawmakers that it is an “essential business.”

The outcome of this decision is what you might imagine.

The reason for this callous disregard for the safety of its employees comes from the fact that its primary creditor, Softbank, is backing away from a $3-billion bailout of WeWork shareholders.
Without Softbank, WeWork is finished.

Last summer WeWork went from a $47 billion valuation to one the largest failed IPOs in modern times.
Its IPO filing showed it was losing nearly $5,200 per customer.
WeWork was losing $219,000 every hour of every day.
WeWork's losses doubled to $1.25 billion in Q3 of 2019.

And yet despite all of this WeWork was still expanding as recently as January.